The global processed meat market size was USD 658.02 billion in 2023, calculated at USD 698.10 billion in 2024 and is expected to be worth around USD 1,260.84 billion by 2034. The market is slated to expand at 6.09% CAGR from 2024 to 2034.
The global processed meat market size is expected to be worth USD 698.10 billion in 2024 and is anticipated to reach around USD 1,260.84 billion by 2034, growing at a solid CAGR of 6.09% over the forecast period 2024 to 2034.The rapid expansion of fast-food chains such as Burger King, KFC, McDonald's, Subway, and Taco Bell has significantly influenced the increase the demand of the processed meat market.
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The U.S. processed meat market size was exhibited at USD 120.91 billion in 2023 and is projected to be worth around USD 235.60 billion by 2034, poised to grow at a CAGR of 6.25% from 2024 to 2034.
North America dominated the processed meat market in 2023. The demand for ground beef from restaurants and cafes has increased significantly. This growth is driven by a rising preference for ready-to-cook and ready-to-eat foods in the region. In North America, especially in the United States and Canada, consumers are shifting their tastes towards meat-based breakfast options like bacon instead of traditional choices such as pancakes. Due to their hectic schedules, people in this area are increasingly looking for high-quality, great-tasting, ready-to-eat, and ready-to-cook meat products.
Europe is expected to show the fastest growth in the processed meat market over the forecast period, where there is a notable preference for high-quality and traditional meat products. The region is renowned for its strict food safety standards, which have influenced consumer expectations for meat. European buyers place a high value on products with geographical indications, organic certifications, and transparent ingredient labeling.
Processed meat refers to meat preserved through methods such as smoking, salting, fermenting, or adding chemicals to enhance its shelf life and flavor. Commonly processed meats include beef, pork, turkey, chicken, and lamb, which are used to create products like pepperoni, jerky, hot dogs, and sausages. Preservatives are added to these meats to prevent spoilage caused by bacteria and other microorganisms. The processed meat market is widely utilized in both retail and institutional settings. Retail sales are prominent due to consumer preference for purchasing at supermarkets, hypermarkets, and online platforms, while the food service industry, particularly the HoReCa sector, drives additional demand.
The U.S. and China are the primary consumers of chicken in absolute numbers. They rank 7th and 112th, respectively, based on poultry consumption and per capita. Various island nations like Trinidad and Tobago, St. Vincent and the Grenadines, Samoa, and Israel eat more than 60 kilograms of poultry meat per person every year. Moreover, poultry consumption spans America, the UK, Australia, South Africa, and the Middle East.
Argentina's 46 million population eats approximately 47kg of bovine meat per person annually, which is the highest among other countries. South American countries have an intimate culinary history with beef. Because the Spanish settlers brought cattle into this region, which flourished on the green grass. Also, Argentina, Uruguay, and parts of Brazil rank 5th in bovine meat consumption.
Top Bovine Meat Consuming Countries (2020, Food and Agriculture Organization of the United Nations)
Country | Meat Consumption (Per Capita) |
Argentina | 46.9 Kg |
Zimbabwe | 42.3 Kg |
United States | 37.9 Kg |
Australia | 37.0 Kg |
Brazil | 35.4 Kg |
Uzbekistan | 31.6 Kg |
Canada | 27.5 Kg |
How is AI innovating the Meat Processing Market?
AI technology holds the potential to enhance both significant production efficiency and product quality in the processed meat market. By deploying AI algorithms, meat processors can achieve precise carcass classification, automate multiple processing tasks, and assess meat quality with greater accuracy. This advanced technology can also be utilized to optimize cutting processes within meat processing facilities and to identify ideal flavor combinations for value-added products. Retailers can leverage AI at the store level to better forecast demand and allow for more accurate assortment and pricing strategies.
Report Coverage | Details |
Market Size by 2034 | USD 1,260.84 Billion |
Market Size in 2023 | USD 658.02 Billion |
Market Size in 2024 | USD 698.10 Billion |
Market Growth Rate from 2024 to 2034 | CAGR of 6.09% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | Type, Animal Type, Distribution Channel, and Region |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Drivers
Growing demand for protein-rich diets
The rising global awareness of health has driven an increased demand for diets rich in protein, placing meats at the center of many people’s nutritional choices. Protein plays an important role in various bodily functions, such as muscle growth, repair, and overall health maintenance. As a high-protein food source, meats conveniently fulfill these dietary requirements. In response, the market is evolving by offering a broader range of meat products that are processed to preserve nutritional benefits while enhancing flavor and extending shelf life. Moreover, advances in meat processing technologies have also contributed to minimizing unhealthy additives and preservatives, which make meats more attractive to health-conscious consumers. Thus, driving the growth of the processed meat market.
Ethical and environmental concerns
Growing awareness of issues related to animal welfare and the environmental impacts of meat production, including greenhouse gas emissions and deforestation, could lead to a decrease in meat consumption, which can affect the processed meat market. Additionally, incidents of foodborne illnesses, contamination events, or negative media coverage concerning processing practices may undermine consumer trust in processed meat products.
Increasing focus on packaging innovations
Rising focus on packaging innovations is the primary factor shaping market growth. The key players use advanced packaging to stay ahead of the market competition. Other than that, innovative packaging also supports raising the shelf life of products, which makes them tougher. The implementation of innovative packaging such as MAP (modified atmosphere packaging), vacuum skin packaging, and vacuum packaging by companies is making it more convenient to handle. Furthermore, the rising need for such advanced packaging solutions can encourage key market players to come up with new solutions. Which can attract customers and thus present several opportunities in the processed meat market.
The frozen segment dominated the processed meat market in 2023. Frozen meats are increasingly popular with consumers due to their convenience, extended shelf life, and ability to retain nutritional value. From whole cuts to pre-cooked and ready-to-cook varieties, frozen meats offer versatile solutions for different meal preparations. This segment benefits from evolving consumer lifestyles that prioritize ease and Flexibility in meal planning. Furthermore, Advances in freezing technology have enhanced the taste and texture of frozen meats, making them an attractive choice for those who value both quality and convenience in their food options.
The chilled segment is expected to grow at the fastest rate in the processed meat market over the forecast period. This is because chilled beef is primarily used as a buffer between the manufacturing, transportation, and consumption stages. When stored, the meat undergoes aging, during which enzymes naturally break down proteins, gradually making the meat more tender and enhancing its flavor.
The poultry segment led the global processed meat market in 2023. Poultry, particularly chicken, is popular due to its broad consumer acceptance, health benefits, and versatility in various cuisines. As a lean protein source with lower saturated fats compared to red meats, it aligns well with health-conscious trends. Moreover, its widespread availability and affordability further solidify its leading position in the market. Advances in poultry processing, packaging, and flavoring have expanded the range of products, which meets diverse consumer tastes and preferences.
The pork segment is observed to grow at a notable rate in the processed meat market during the forecast period. Pork enjoys a significant consumer following, especially in Asia, Europe, and the Americas. Its popularity stems from its versatility, flavor, and fat content, which make it ideal for a variety of processed products like bacon, ham, sausages, and salami. Demand for pork products is strongly influenced by cultural acceptance and dietary preferences.
The supermarkets/hypermarkets segment held the largest share of the global processed meat market in 2023. Supermarkets, smaller than hypermarkets, provide a broad selection of everyday items, including groceries, household products, and personal care essentials. Hypermarkets, in contrast, are much larger and combine the functions of both a supermarket and a department store. Moreover, retailers are concentrating on developing advanced retail formats and sophisticated shopping environments, which are expected to further drive growth in these market segments.
The online retail segment is observed to witness the fastest growth in the processed meat market during the forecast period. This is due to direct-to-consumer (D2C) e-commerce becoming increasingly popular in the food industry. Online sales have surged by 200% compared to traditional in-store purchases. Home cooks prefer buying directly from farms to reduce the risk of adulteration. Additionally, 54% of these buyers have also shopped for meat online. Two-thirds of online meat shoppers are likely to recommend it to others, which can further drive growth in this segment.
Segments Covered in the Report
By Type
By Animal Type
By Distribution Channel
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Processed Meat Market
5.1. COVID-19 Landscape: Processed Meat Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Processed Meat Market, By Type
8.1. Processed Meat Market Revenue and Volume, by Type, 2024-2034
8.1.1 Frozen
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Chilled
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Canned
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 9. Global Processed Meat Market, By Animal Type
9.1. Processed Meat Market Revenue and Volume, by Animal Type, 2024-2034
9.1.1. Poultry
9.1.1.1. Market Revenue and Volume Forecast (2021-2034)
9.1.2. Beef
9.1.2.1. Market Revenue and Volume Forecast (2021-2034)
9.1.3. Pork
9.1.3.1. Market Revenue and Volume Forecast (2021-2034)
9.1.4. Others
9.1.4.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 10. Global Processed Meat Market, By Distribution Channel
10.1. Processed Meat Market Revenue and Volume, by Distribution Channel, 2024-2034
10.1.1. Supermarkets & Hypermarkets
10.1.1.1. Market Revenue and Volume Forecast (2021-2034)
10.1.2. Grocery Stores
10.1.2.1. Market Revenue and Volume Forecast (2021-2034)
10.1.3. Specialty Retailers
10.1.3.1. Market Revenue and Volume Forecast (2021-2034)
10.1.4. Online Stores
10.1.4.1. Market Revenue and Volume Forecast (2021-2034)
10.1.5. Others
10.1.5.1. Market Revenue and Volume Forecast (2021-2034)
Chapter 11. Global Processed Meat Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.1.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.1.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.1.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.1.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.1.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.1.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.2.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.2.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.2.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.2.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.2.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.2.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.2.6.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.2.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.2.7.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.2.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.3.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.3.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.3.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.3.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.3.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.3.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.3.6.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.3.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.3.7.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.3.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.4.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.4.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.4.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.4.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.4.6.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.4.6.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.4.7.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.4.7.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.5.4.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.5.4.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
11.5.5.2. Market Revenue and Volume Forecast, by Animal Type (2021-2034)
11.5.5.3. Market Revenue and Volume Forecast, by Distribution Channel (2021-2034)
Chapter 12. Company Profiles
12.1. BRF SA
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cargill Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Foster Farms
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Hormel Foods Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. JBS SA
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Marel hf
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Marfrig
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. National Beef
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Nippon Ham Foods Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. OSI Group
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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